Home lending volume turned lower in the final quarter of last year at Hilltop Holdings Inc., and a more sharp decline is likely ahead. Overall earnings increased, but mortgage income fell.
In its fourth-quarter 2017 earnings report, the Dallas-based bank-holding company revealed that it earned $65 million before income taxes during the three months ended Dec. 31, 2017.
Income improved from $53 million during the same three months of 2016. Earnings also increased form the third-quarter 2017, when the total was $48 million.
Source: Mortgage Daily